Group 1 - The 2025 Service Trade Fair will be held in Beijing from September 10 to 14, with preparations nearly complete [1] - The Ministry of Commerce plans to introduce a series of policies to promote service exports, focusing on fiscal, financial, and facilitation measures [1][11] - In the first half of the year, China's total service trade reached 3.9 trillion yuan, a year-on-year increase of 8% [3] Group 2 - Service exports amounted to 1.7 trillion yuan, growing by 15%, and accounted for 11.5% of total exports, up 0.7 percentage points from the previous year [3] - The growth in service exports is primarily driven by traditional sectors such as transportation and travel, with transportation services exporting 418.5 billion yuan (up 23.9%) and travel services exporting 174.87 billion yuan (up 68.7%) [7] - Knowledge-intensive service exports reached 865.04 billion yuan, growing by 7.8%, with significant contributions from other business services and telecommunications, which saw exports of 416.33 billion yuan and 377.16 billion yuan, growing at 6.9% and 14.6% respectively [10]

Core Viewpoint - The overall service trade in China is expected to maintain growth throughout the year, with continuous optimization of trade structure [1][2][3] Group 1: Service Trade Performance - In the first half of the year, China's total service import and export reached 3.9 trillion yuan, a year-on-year increase of 8% [1] - Service exports amounted to 1.7 trillion yuan, growing by 15%, with a share of 11.5% in total foreign trade exports, up 0.7 percentage points from the same period last year [1] - The rapid growth in service exports is primarily driven by traditional service sectors such as transportation and travel, with transportation service exports at 418.5 billion yuan (up 23.9%) and travel service exports at 174.87 billion yuan (up 68.7%) [1] Group 2: Future Opportunities - The service trade development in the second half of the year is expected to benefit from global growth, with the WTO projecting a 4% increase in global service exports by 2025 [2] - The travel sector is anticipated to see significant growth, with over 1 trillion yuan in travel service import and export in the first half, a growth rate of 12.3% [2] - Knowledge-intensive service imports and exports are expected to maintain the growth rate seen in the first half of the year [2] Group 3: Policy Support - The Ministry of Commerce plans to implement various policy measures to promote service exports, focusing on fiscal, financial, and regulatory facilitation [3] - Financial policies will include enhanced export credit insurance support and improved financial services for small and medium-sized enterprises [3] - Regulatory measures will aim to streamline customs supervision, facilitate personnel exchanges, and promote international data service business [3][4]

Core Insights - China's service trade imports and exports reached 3.9 trillion yuan in the first half of the year, marking an 8% year-on-year increase [1] - Service exports amounted to 1.7 trillion yuan, growing by 15%, with a share of 11.5% in total foreign trade exports, up 0.7 percentage points from the previous year [1] Group 1: Service Export Growth - The rapid growth in service exports is primarily driven by traditional service trade sectors such as transportation and travel [3] - Transportation service exports reached 418.5 billion yuan, increasing by 23.9%, making it the largest sector in service exports [3] - Travel service exports totaled 174.87 billion yuan, with a remarkable growth rate of 68.7%, representing the fastest-growing area in service exports [3] Group 2: Knowledge-Intensive Services - Knowledge-intensive service exports amounted to 865.04 billion yuan, reflecting a 7.8% increase [3] - Significant contributors to this growth include other business services and telecommunications, with exports of 416.33 billion yuan and 377.16 billion yuan, growing at rates of 6.9% and 14.6% respectively [3] Group 3: Future Outlook - The service trade sector is expected to benefit from favorable conditions in the second half of the year, with global service trade projected to grow by 4.0% by 2025 [4] - The World Tourism Organization anticipates that international tourist numbers will exceed 300 million in the first quarter of 2025, growing by 5% [4] - Policy support for service trade is set to increase, with measures aimed at enhancing service export conditions through fiscal, financial, and facilitation efforts [4]

Core Insights - The total service trade import and export volume in China reached 3.9 trillion yuan in the first half of the year, marking an 8% year-on-year increase [1] - Service exports amounted to 1.7 trillion yuan, growing by 15%, with a share of 11.5% in total foreign trade exports, up 0.7 percentage points from the previous year [1] Group 1: Service Export Growth - The rapid growth in service exports is primarily driven by traditional service trade sectors such as transportation and travel [1] - Transportation service exports were 418.5 billion yuan, increasing by 23.9%, making it the largest sector in service exports [1] - Travel service exports reached 174.87 billion yuan, with a remarkable growth of 68.7%, representing the fastest-growing area in service exports [1] Group 2: Knowledge-Intensive Services - Knowledge-intensive service exports totaled 865.04 billion yuan, reflecting a 7.8% increase [1] - Significant contributions came from other business services and telecommunications, with exports of 416.33 billion yuan and 377.16 billion yuan, growing at rates of 6.9% and 14.6% respectively [1] Group 3: Future Outlook - The service trade sector is expected to benefit from favorable conditions in the second half of the year, with global service trade projected to grow [2] - The World Trade Organization forecasts a 4% increase in global service exports by 2025, with major economies maintaining rapid growth in service trade [2] - The Chinese travel service sector is anticipated to continue its growth trajectory, with imports and exports exceeding 1 trillion yuan and a growth rate of 12.3% in the first half of the year [2] - Policy support for service trade is expected to intensify, with the Ministry of Commerce implementing measures to promote service exports through fiscal, financial, and facilitation efforts [2]

Core Insights - The total import and export value of services in China reached 3.9 trillion yuan in the first half of the year, marking an 8% year-on-year increase [2] - Service exports amounted to 1.7 trillion yuan, growing by 15%, with a share of 11.5% in total foreign trade exports, up 0.7 percentage points from the previous year [2] - The rapid growth in service exports is primarily driven by traditional service trade sectors such as transportation and travel [2] Group 1: Service Export Performance - Transportation service exports reached 418.5 billion yuan, a growth of 23.9%, making it the largest sector in service exports [2] - Travel service exports totaled 174.87 billion yuan, with a remarkable growth rate of 68.7%, representing the fastest-growing area in service exports [2] - Knowledge-intensive service exports amounted to 865.04 billion yuan, increasing by 7.8%, indicating a significant enhancement in international competitiveness [2] Group 2: Future Opportunities - Global service trade is expected to continue growing, with the WTO forecasting a 4% increase in global service exports by 2025 [3] - The number of international tourists is projected to exceed 300 million in the first quarter of 2025, reflecting a 5% growth [3] - Policy support for service trade is anticipated to strengthen, with measures aimed at promoting service exports through fiscal, financial, and facilitation efforts [3][4]

Core Viewpoint - In the first half of the year, China's service trade imports and exports totaled 3.9 trillion yuan, marking an 8% year-on-year increase, with service exports reaching 1.7 trillion yuan, a growth of 15% [1] Group 1: Service Trade Performance - The service export accounted for 11.5% of total exports, an increase of 0.7 percentage points compared to the same period last year [1] - The fastest-growing sectors in service exports were transportation and travel, with transportation services exporting 418.5 billion yuan (up 23.9%) and travel services exporting 174.87 billion yuan (up 68.7%) [1] - Knowledge-intensive service exports reached 865.04 billion yuan, growing by 7.8%, with significant contributions from other business services and telecommunications, which amounted to 416.33 billion yuan and 377.16 billion yuan, growing at 6.9% and 14.6% respectively [1] Group 2: Future Opportunities - The global service trade is expected to continue growing, with the WTO projecting a 4% increase in global service exports by 2025 [2] - The travel sector is anticipated to see rapid growth, with over 1 trillion yuan in service trade volume in the first half of the year, reflecting a 12.3% growth rate [2] - The Chinese government plans to enhance policy support for service trade, implementing measures to promote service exports through fiscal, financial, and facilitation efforts [2]

Core Viewpoint - The Chinese service trade is expected to maintain growth in 2023, supported by favorable policies and global trends in service trade [1][2]. Group 1: Service Trade Growth - In the first half of 2023, China's service import and export totaled 3.9 trillion yuan, representing a year-on-year growth of 8% [1]. - The global service trade is projected to continue growing, with the WTO forecasting a 4.0% increase in global service exports by 2025 [1]. - The travel sector is anticipated to experience rapid growth, with over 1 trillion yuan in service imports and exports in the first half of 2023, reflecting a growth rate of 12.3% [1]. Group 2: Policy Support - The Chinese government plans to enhance policy support for service trade, focusing on the implementation of measures outlined in the "Opinions on Promoting High-Quality Development of Service Trade through High-Level Opening" [1]. - Upcoming policies will aim to boost service exports through financial, tax, and facilitation measures, optimizing the policy environment for service trade [1].

会上介绍，旅行等主要领域将实现较快增长。世界旅游组织《2025年5月世界旅游晴雨表》显示，2025 年一季度，全球国际游客总数突破3亿人次，增长5%；国际游客量比2019年同期增长3%。上半年，我 国旅行服务进出口规模超过1万亿元，增速达到12.3%，预计全年仍将保持快速增长。此外，预计下半 年知识密集型服务进出口增速仍将保持上半年的增速水平。 经济观察网据央视新闻客户端消息，今天上午，国务院新闻办公室举行新闻发布会，介绍中国服务贸易 发展和2025年服贸会筹备工作进展情况。 ...

Core Insights - The 2025 China International Service Trade Fair (CIFT) will be held at Shougang Park, emphasizing the theme "Digital Intelligence Leading, Service Trade Renewed" and showcasing over 800 enterprises intending to participate [1][10] - The event signifies China's commitment to high-level opening up and aims to enhance global trade stability and cooperation [1][10] Group 1: Event Overview - This year's CIFT will adopt a new format, moving from a dual venue to a single venue at Shougang Park, which will feature over 100,000 square meters of exhibition space [2] - The venue has undergone significant renovations, including the Four High Furnaces being transformed into a high-standard conference space [2][3] Group 2: Economic Impact - In the first half of the year, China's service trade import and export totaled 38,872.6 billion yuan, marking an 8.0% year-on-year increase [7] - Knowledge-intensive service trade has been a key growth driver, with imports and exports reaching 15,025.4 billion yuan, up 6.0% [7] Group 3: Policy Support - Various regions, including Beijing and Shenzhen, have introduced supportive measures to enhance service trade and digital trade development [8] - Beijing aims to rank among the top three in service trade by 2030, with digital services expected to account for approximately 70% of service exports [8] Group 4: Innovation and Collaboration - The CIFT serves as a platform for innovation and collaboration, with over 70 companies planning to launch more than 130 new products and achievements during the event [10] - The fair will facilitate international cooperation, with nearly 70 countries and international organizations expressing interest in participating [10]

Core Insights - In the first half of this year, China's total service import and export reached 3.89 trillion yuan, marking an 8% year-on-year growth, with service exports growing by 15% [1] - "Chinese services" have emerged as a significant aspect of foreign trade, alongside "Chinese manufacturing" [1] Group 1: Service Trade Growth - Knowledge-intensive service exports increased by 7.8% year-on-year, with new business models such as "data processing" and cross-border cloud services emerging [1] - High-tech and high-value-added services are rapidly growing, contributing to the continuous optimization of China's service trade structure [1] Group 2: Travel Services - Travel services remain the largest sector in China's service trade, with imports and exports growing by 12.3% year-on-year, and exports soaring by 68.7% [1] - Policies such as transit visa exemptions and tax refunds for outbound travelers have significantly boosted the popularity of "Chinese tourism" and "Chinese shopping," translating into substantial growth in service trade [1] Group 3: Global Position - China maintains its position as the second-largest service trade market globally, following its status as the largest goods trade market [1] - The impressive performance of service trade in the first half of the year reflects China's strength and boosts confidence in the stability of its foreign trade [1]